Kardar likely to be new SBP Governor

Renowned economist Shahid Hafeez Kardar has emerged as a strong nominee for appointment as Governor of State Bank of Pakistan, reported a private TV channel, quoting its sources. Kardar held a meeting with Prime Minister Syed Yousuf Raza Gilani on Monday in Islamabad. Defence Minister Ch Ahmed Mukhtar was also present in the meeting. He was a former Finance Minister of Punjab in former Musharraf regime. The post of Governor fell vacant on June 2 when Syed Saleem Raza resigned for 'personal reasons.